US Economy Grew Modestly in Recent Weeks, Fed Survey Shows

September 13, 2023: The US economy grew modestly in recent weeks, according to a survey of businesses by the Federal Reserve. The survey, known as the Beige Book, found that growth was “modest to moderate” in most districts.

The survey found that businesses were hiring at a “slight to moderate” pace, and prices were rising at a “modest” pace. However, businesses faced some headwinds, such as increasing costs and supply chain disruptions.

The Beige Book is not a comprehensive measure of the economy but a good indicator of how businesses feel. The survey’s findings suggest that the US economy is still growing slower than in recent months.

Here are some actional and practical takeaways from the article:

• The US economy grew modestly in recent weeks.
• Businesses were hiring at a slight to moderate pace.
• Prices were rising at a modest pace.
• Businesses faced some headwinds, such as increasing costs and supply chain disruptions.

Here are some additional details about the Beige Book:

• The Beige Book is a monthly survey of businesses by the Federal Reserve.
• The survey covers 12 districts across the country.
• The survey is a good indicator of how companies are feeling.

How to interpret the Beige Book:

• The Beige Book is not a comprehensive measure of the economy.
• The survey’s findings should be interpreted with caution.
• The survey’s results can be used to track the economy’s performance over time.